Scotiabank Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$124.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target cut by Scotiabank from C$126.00 to C$124.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

CP has been the subject of several other reports. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a report on Monday, April 1st. JPMorgan Chase & Co. upped their target price on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an overweight rating in a report on Wednesday, January 31st. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a hold rating in a report on Monday, April 15th. BMO Capital Markets upped their target price on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Finally, Desjardins upped their target price on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a buy rating in a report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$120.63.

Canadian Pacific Kansas City Stock Down 0.5 %

TSE CP opened at C$111.63 on Thursday. The stock’s 50 day moving average is C$118.24 and its 200 day moving average is C$108.25. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The stock has a market cap of C$104.10 billion, a PE ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The firm had revenue of C$3.52 billion during the quarter, compared to the consensus estimate of C$3.52 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. Research analysts predict that Canadian Pacific Kansas City will post 4.3266423 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.05%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In other news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. Over the last 90 days, insiders have sold 97,758 shares of company stock worth $10,774,715. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.